Property Accounting
Property management accounting
We have extensive experience in the residential real estate markets. Services include management of any and all accounting tasks related to property management, such as property taxes, capital improvements budgeting, maintenance of escrow accounts, line of credit analysis,
repairs and maintenance and general budgeting.
Capital gains from home sale
You can exclude up to $500,000 in capital gains from the sale of a primary residence. For rental properties, you can defer the entire capital gain by using a 1031 exchange.
Taxation of rental properties
If you own rental properties, we are happy to explain how you can use depreciation to minimize or eliminate taxable income. We will also help you understand how passive un-allowed activity losses accumulating on IRS from 8582 can create a windfall tax deduction in future years.
